Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to note that ASX listed
Highlights: Final Ambient Noise Tomography ('ANT') geophysical interpretation received.
Nine potential pegmatite targets in total have been identified, each characterised by low seismic velocity anomalies.
Survey data integration with geochemical data shows surface expression of anomalies.
Geochemical sampling and mapping continues at Bynoe in advance of maiden drill program which awaits conclusion of MMP and AAPA approval process.
Geophysical and geochemical integration and analysis ongoing.
ANT Background
ANT is a ground geophysics method that uses natural or man-made seismic noise as a signal source to measure the seismic velocity of the subsurface in three dimensions. The key objective of the survey was to identify potential lithium-bearing pegmatites at depth, otherwise known as blind pegmatites. Lithium pegmatites in the Bynoe Pegmatites Field have been shown to be indicated by zones of slower velocities than the surrounding metamorphic host rocks of the Burrell Creek Formation. The data has been processed and undergone a complete analysis, with a view to initially defining priority targets within each survey grid.
Preliminary results from the ANT Survey Grid 1 were announced by EverGreen on
Cadence holds 15,830,138 million shares, equivalent to 8.74% of the issued share capital of Evergreen and is its largest shareholder. Evergreen was listed on the
Link here to view the full Evergreen ASX announcement
Cadence's ownership in Evergreen Lithium
Cadence Minerals currently owns 8.74% of the equity in Evergreen. A further AS$ 3.47 million (
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The information contained within this announcement is deemed by the company to constitute Inside Information as stipulated under the Market Abuse Regulation (E.U.) No. 596/2014, as it forms part of
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